Forex Forecasts by date

The EUR/USD currency pair continues moving downwards as the price has fallen down for about 95 points today. Currently Euro is at the level of 1.3250, and in general, it is moving inside the rising channel. The RSI indicator is testing the trend’s rising line (which is a support line here), we should expect a rebound and the start of the rising movement. If the pair continues falling down, we should expect the price to test the channel’s lower border at the level of 1.3140, where one can consider buying Euro with the tight stop. If the price breaks the lower border and leaves the channel, this case scenario will be cancelled, and the pair will continue moving downwards.

It looks like wave [4] has taken the form of horizontal triangle pattern and the fifth one have been completed quite short. We may assume that the mid-term trend has made a reverse, and right now the market is starting to form an initial descending impulse. If our assumption is correct, we can expect the price to continue falling down in the nearest future.

Canadian Dollar continues moving downwards, the target at the daily chart is the 0/8 level. Most likely, the bears will reach this level within the next several days. If the price rebounds from it, we can expect the start of the correction.

GBPUSD, Time Frame Н4 – Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud forming “Golden Cross” (1), Tenkan-Sen turned downwards, and Kijun-Sen is horizontal. Ichimoku Cloud is going up (2), Senkou Span A is moving downwards, and Senkou Span B is horizontal. Chinkou Lagging Span is above the chart, the price is above the indicator’s lines. In the near term, we can expect support of Tenkan-Sen and the attempts of the price to stay inside the channel between Tenkan-Sen and Kijun Sen.